Paris and Mumbai-based production service company La Fabrique Films is looking forward to a further surge in business in the wake of new Indian filming incentives that were announced in Cannes. Int…
The initial reimbursement for international shoots in India is 30%, which can go up by an additional 5% for productions employing 15% or more manpower in India.
“The incentives will be a great advantage for foreign producers who decide to come and shoot in India also, because there is this bonus of 5%, they may want to employ more Indian technicians, because, from our experience, we have amazing technicians in India. It will be an additional incentive to probably replace a couple of foreigners by Indians,” Benattar toldBenattar says that productions may decide to advance their shooting schedules in India because of the incentive.
India-bound projects that are stuck because of gap funding up to 30% will also be accelerated, says Wani. “We get a lot of inquiries about gap funding and those projects are going to come alive now,” Wani says. We are going to go back to them, talk to them, and tell them about the incentives.” La Fabrique has two more European projects lined up to shoot in India on which details are under wraps at the moment and discussions are also on with films from other parts of the world.
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